Warner Bros. Discovery $WBD is in the Green Zone for a Buy soon.Buy NASDAQ:WBD when the Slow Stochastic Closes > 20. stockcharts.comLongby AbovetheGreenLineUpdated 111
WBD WILL CONTINUE THE RALLYThis Weekly FORECAST Opportunity for WBD. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR). Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Longby TREND-TITAN2
WBD - Looks good to move up sideStock Buy Opportunity: Warner Bros. Discovery (WBD) Buy Zone: $9.00 - $9.50 Stop Loss: $6.50 Disclaimer: This analysis is for study and informational purposes only. Please consult with a qualified financial advisor before making any investment decisions or taking a position in this stock. Disclaimer: This analysis is for study and informational purposes only. Please consult with a qualified financial advisor before making any investment decisions or taking a position in this stock.Longby KSLBrokingUpdated 5
WBD has strength to 10.60 and 11.70- while the weekly chart seems a bit overbought, WBD still has strength and room for a probability of reaching 10.60 by next week and a possible 11.70 by the end of the month. - 9.50-9.40 is a good place to enter. - profit target is 10.60/11.70 - trade is invalid bellow 9 - For call options, use 29 Nov. expiryLongby ImSamTrades5
WBD bottoming in process, turnaround soon? Target 70 USD +Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it. On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure. Yellow route is the alternative route for now, which highlights one more bigger swing lows arriving (and that currently we might be in yellow wavecounts, where price action SHOULD hold the 8.30-8.40 USD mark and not break below comfortably. (Secondary scenario) Primary scenario where I watching primary a bottoming process is the white route where the white big wave (2) is already in at ~8.80 USD. As the weekly and daily MACD/RSI showing bullish divergence, and also the runup having clearly impulsive characteristic from that bottom, I am leaning towards this scenario. Be aware, yellow is still not invalidated though. I am re-publishing the idea, since the previous one got flagged for house-rule-violation.Longby tommtajlorUpdated 292941
Warner Bros. Discovery Partners With Charter CommunicationsWarner Bros. Discovery Inc. (NASDAQ: NASDAQ:WBD ) and Charter Communications Inc. ( NASDAQ:CHTR ) have unveiled a groundbreaking, multi-year distribution partnership that is set to reshape the future of video. This strategic alliance promises to revolutionize how content is delivered to customers, integrating linear video and direct-to-consumer streaming services. With this early renewal, the two giants are positioning themselves to deliver more value and flexibility in video bundles, catering to evolving viewer preferences and potentially driving significant growth. A Strategic Partnership for the Future The newly announced partnership between Warner Bros. Discovery and Charter Communications is a strategic move that seeks to align with changing consumer habits, particularly the growing demand for streaming services. This partnership expands the distribution of Warner Bros. Discovery's Max (Ad Lite) service, which includes HBO, Discovery+, and other premium content, to Spectrum’s millions of Select customers at no extra cost. This addition, valued at nearly $60 per month, is expected to significantly enhance Spectrum’s bundle proposition, which already includes popular streaming platforms like Disney+, ESPN+, Paramount+, and AMC+. David Zaslav, President and CEO of Warner Bros. Discovery, emphasized the value of their linear content and the significant investments in premium programming, sports, and news. This agreement not only extends Spectrum's carriage of Warner Bros. Discovery's linear network portfolio, including TNT, CNN, Food Network, HGTV, and more, but also positions Max as a preferred partner for marketing and selling direct-to-consumer (DTC) apps and bundles to broadband subscribers. Charter’s President and CEO, Chris Winfrey, highlighted the evolution of the linear and broadband video distribution model, noting that this partnership supports Spectrum’s efforts to provide flexible packages that cater to a variety of customer needs. Spectrum’s DTC distribution plan, set to fully roll out in 2025, is expected to boost the reach of Warner Bros. Discovery's premium content across its vast customer base. The partnership comes as a timely boost for Warner Bros. Discovery, which has faced challenges with its traditional TV business due to ongoing cord-cutting and a slow recovery in the advertising market. Despite these challenges, this strategic agreement reflects the company’s adaptability and commitment to leveraging new opportunities in the streaming space. Technical Outlook Technically, Warner Bros. Discovery's stock ( NASDAQ:WBD ) has seen a substantial increase, rising 8.43% as of the latest trading session. This uptick is significant, especially considering the stock has been in a prolonged downtrend for much of the year. The recent gains have been driven by investor optimism surrounding the new partnership, which is seen as a pivotal move that could enhance Warner Bros. Discovery's market position. Currently, WBD’s stock holds a Relative Strength Index (RSI) of 44.28, indicating that the stock is in neutral territory but poised for further growth as buying momentum builds. The RSI value, nearing the 50 mark, suggests that the stock is transitioning out of oversold conditions, potentially signaling the beginning of a new upward trend. If the stock continues to gain traction, it could break key resistance levels, further bolstering investor confidence. The early renewal of the multi-year deal with Charter Communications has already had a positive impact on the stock’s performance. Warner Bros. Discovery's ability to secure distribution for Max and Discovery+ without additional cost to customers enhances its competitive edge against rivals. Moreover, the broader inclusion of these streaming services in Spectrum’s bundle could attract new subscribers, increase viewer engagement, and ultimately contribute to revenue growth. The Road Ahead: Will Warner Bros. Discovery Sustain Its Momentum? The partnership with Charter Communications represents a significant step forward for Warner Bros. Discovery as it navigates the evolving media landscape. By integrating traditional linear TV with cutting-edge streaming services, the company is not only adapting to current market trends but also setting a new standard for value and flexibility in video content distribution. From a technical perspective, the recent positive movement in WBD stock reflects growing market confidence in the company's strategic direction. With a strong lineup of content, innovative partnerships, and a focus on consumer-friendly bundle offerings, Warner Bros. Discovery is well-positioned to capitalize on future opportunities. However, challenges remain, particularly in the highly competitive streaming market where rivals like Disney, Netflix, and Paramount are also vying for market share. Warner Bros. Discovery will need to continue innovating and expanding its content offerings to maintain its momentum. Overall, the early renewal agreement with Charter Communications has provided a much-needed boost to Warner Bros. Discovery’s outlook, both fundamentally and technically. Investors will be closely watching how this partnership evolves and its impact on Warner Bros. Discovery's bottom line in the coming quarters. If the company can successfully leverage this agreement to drive growth, it could mark a turning point for WBD, setting the stage for a brighter future in the ever-evolving world of media and entertainment.Longby DEXWireNews1
Warner Bros. Discovery Stock Dips 12% on $10 Bln Quarterly LossKey Takeaways: - Warner Bros. Discovery ( NASDAQ:WBD ) shares plunged sharply after announcing a staggering $10 billion loss for Q2. - The loss was largely driven by a $9.1 billion write-down in the value of its cable networks, such as CNN and TNT, as they struggle against the rise of streaming giants like Netflix. - Revenue missed analysts' expectations, falling to $9.71 billion from $10.36 billion a year earlier. Warner Bros. Discovery's stock took a nosedive, losing over 10% in value after the entertainment conglomerate reported a nearly $10 billion loss for the second quarter. This development has sent shockwaves through the industry, highlighting the growing challenges faced by traditional media companies in an increasingly digital landscape. A Massive Write-Down and Revenue Misses The heart of the issue lies in a substantial $9.1 billion non-cash goodwill impairment charge tied to the company's cable networks. This write-down reflects the diminishing value of legacy television channels like CNN and TNT, which have been struggling to maintain relevance in an era dominated by streaming services. As Netflix and other platforms continue to capture viewers' attention, traditional cable networks are facing an existential crisis. Warner Bros. Discovery's Q2 performance also disappointed on the revenue front, generating $9.71 billion, down from $10.36 billion in the same period last year. Analysts had hoped for a more modest decline, with predictions hovering around $10.17 billion. The company's widening loss, up from $1.24 billion a year ago to $9.99 billion, underscores the gravity of its current predicament. Cord-Cutting and Competitive Pressure The decline of cable networks isn't unique to Warner Bros. Discovery. The entire industry is grappling with the rapid pace of cord-cutting, as more consumers ditch traditional cable subscriptions in favor of streaming alternatives. Disney, for example, recently reported a 7% year-over-year decline in revenue from its linear TV networks, despite profitable streaming ventures like Disney+. The challenges for Warner Bros. Discovery ( NASDAQ:WBD ) extend beyond just declining viewership. The company's TNT Sports division recently lost a high-profile bidding war for an 11-year NBA media rights deal, which could further strain its revenue streams moving forward. A Company in Transition Warner Bros. Discovery was born out of the 2022 merger between WarnerMedia and Discovery, a move that was supposed to create a powerhouse in the media landscape. However, two years into its existence, the company finds itself in the throes of a difficult transition. CEO David Zaslav acknowledged the hurdles in an earnings call, emphasizing that while there have been notable progress points, the company is still grappling with "tough challenges." One of the major issues is the difference between the market capitalization and book value of the company, which triggered the massive write-down. This discrepancy underscores the market's skepticism about the future value of traditional media assets in a world increasingly dominated by digital content. Looking Ahead With its stock down nearly 40% this year, Warner Bros. Discovery is at a crossroads. The company must find a way to navigate the shifting media landscape, where streaming reigns supreme and legacy media faces mounting pressure. The Q2 results serve as a stark reminder that the road ahead is fraught with difficulties, but they also present an opportunity for the company to innovate and adapt. Technical Outlook Since the onset of the first quarter of 2022, Warner Bros Discovery stock (NASDAQ: NASDAQ:WBD ) has exhibited a consistent pattern of descending wedge formations, subsequently followed by a phase of consolidation. The daily price chart reveals a Relative Strength Index (RSI) of 32.99, indicative of an oversold market position. Notably, Warner Bros Discovery stock (NASDAQ: NASDAQ:WBD ) has maintained a prolonged oversold status, leading to a substantial 40% decline in its valuation since the commencement of this year. For now, investors are left to wonder whether Warner Bros. Discovery can successfully reinvent itself or if it will continue to struggle in the face of relentless competition from streaming giants. As the company continues its long-term transition, the future remains uncertain, but one thing is clear: the media industry is changing, and Warner Bros. Discovery must change with it.Shortby DEXWireNews4
WBD another -30%, so First Target $8!In the past months, the share of this company has dropped from $78 to $11 ! The trend of the share in the monthly and weekly time frame is still downward In the weekly trend, it has reacted to an important range and it is bearish yet. The first target is $8 The next target is $7.2Shortby SepehriiUpdated 3
$WBD - Case for $12.50Options volume signal, compared against techincal indicators, show movement capacity. Must defeat the fib level at $9 to continue. if it gets rejected, will stay in it's range for recovery My main concern is resistance levels. It does not do well when hitting historic resistance on the 4 hour chart but the 1day/1week chart show that it's ready to make a substantial move Huge options volume at this specific price point for october so plenty of time and liquidity to cover. 3481 open interest with 30,000+ opened today at this strike in oct regression channel shows it entering bull range and with this level of volume and interest, can repeat it's last bullish regression channel trend. not trade adviceLongby mike-ai-automationUpdated 0
WBD correction ended. -20% ahead!WBD correction ended, forming an island reversal . I'll open my position as price crosses the red line. NASDAQ:WBD Shortby alapigabor0
WBD is BullishPrice was in a strong downtrend, however the matured bullish divergence on daily time frame suggests that bulls are waking up and assuming control of the price action. This sentiment is confirmed by the break of previous lower high and formation of a higher high. Price would now define a higher low before a bullish rally as per Dow theory. Targets are mentioned on the chart. Longby Fahad-Rafique0
Warner, let´s see this movie.This is not a trading idea, it is a long-term investment. Have this company's shares hit the bottom? Many analysts believe so, and so do I personally. Let's put some money into this stock and keep it in the drawer for 2-3 years.Longby SGsauragestion9
WARNER BROS.DISCOVERY STOCK.WEEKLY ANALYSISHello ladies and gentleman,according my analysis To WARNER BROS.DISCOVERY STOCK .there is agreat probability long to 11 USD.Longby zouhiralichane2
Navigating Warner Bros. Discovery's Bearish Trend with PrecisioWarner Bros. Discovery, Inc. (WBD) is currently experiencing a notable trend within a descending channel. The latest market data and indicators present a comprehensive picture of the stock's performance and potential future movements. Below is an in-depth technical analysis, providing a detailed outlook, price predictions, and strategic recommendations for traders. Current Price: $8.11 Daily Range: $8.09 - $8.15 Volume: 24.72M Ichimoku Cloud Analysis: The stock is trading below the Ichimoku cloud, indicating a bearish trend. The Leading Span A is below Leading Span B, reinforcing the bearish sentiment. Stochastic RSI: Stoch RSI is at 85.31 (overbought territory), suggesting a potential price correction might be imminent. Traders should watch for a crossover below 80 for a bearish signal. Relative Strength Index (RSI): RSI (14) stands at 48.43, indicating neutral momentum. A break above 50 could signal bullish momentum, while a drop below 40 might suggest further bearish movement. Commodity Channel Index (CCI): CCI is at 3.59, indicating a neutral position. A move above 100 could be a bullish signal, while below -100 could indicate bearish sentiment. On-Balance Volume (OBV): OBV is trending downwards, showing that the volume flow is more on the selling side, which supports the bearish outlook. Short-term MAs (10, 20, 50): Currently providing mixed signals with the 10 and 20 EMAs showing a buy signal, while the 30 and 50 SMAs indicate sell. Long-term MAs (100, 200): Both are indicating a sell signal, aligning with the overall bearish trend. S1: $6.86 R1: $8.36 The current price is approaching the pivot point resistance at R1, which may act as a short-term ceiling. The Gann Fan indicates potential support around $7.80 and resistance at $8.40. Fibonacci retracement shows key levels at $8.08 (38.2%), $8.43 (50%), and $8.78 (61.8%). Price Prediction and Trading Strategy Based on the analysis, the stock could see resistance at the $8.40 level. If it breaks above this, the next target would be $9.00. Conversely, if it fails to break above $8.40, a decline towards $7.50 is plausible. Long Position Strategy: Entry Point: Above $8.45 Target: $9.00 Stop Loss: $8.00 Rationale: A break above the 50% Fibonacci retracement level at $8.43 would confirm bullish momentum, aiming for the next resistance. Short Position Strategy: Entry Point: Below $7.80 Target: $7.00 Stop Loss: $8.20 Rationale: Failure to maintain above the support of $7.80 could lead to further declines, targeting the previous lows. The analysis indicates a predominantly bearish trend with key resistance levels to watch. The stock's movement within the descending channel, combined with mixed signals from various indicators, suggests cautious trading. Traders are advised to monitor the price action around critical levels ($8.40 and $7.80) and adjust their positions accordingly.by AxiomEx3
Despite Growth in Streaming, Warner Bros. Misses Q1 EstimatesWarner Bros. Discovery ( NASDAQ:WBD ) reported first-quarter results that missed analyst expectations on both the top and bottom lines, despite strength in its streaming unit. The company's stock fell nearly 4% in premarket trading. The company, which owns streaming service Max, a portfolio of cable TV networks including TNT and Discovery, and a film studio, said revenue fell 7% to $9.96 billion compared to the same quarter last year. The net loss attributable to the company was $966 million, or 40 cents per share, an improvement from the year-ago quarter when it reported a loss of $1.07 billion, or 44 cents per share. The company said total adjusted earnings before interest, taxes, depreciation and amortization were down roughly 20% during the first quarter to $2.1 billion, noting its "Suicide Squad: Kill the Justice League" video game generated significantly lower revenues. Streaming growth was strong, with 2 million direct-to-consumer streaming subscribers added during the quarter, bringing its total to 99.6 million. Advertising revenue for streaming proved to be a bright spot, increasing 70%, boosted by higher engagement on Max in the U.S. due in part to subscriber growth in the streaming service’s ad-lite tier and the launch of sports on the app. The earnings release follows an announcement this week that Warner Bros. Discovery ( NASDAQ:WBD ) would bundle its streaming services with those of Disney, tying together Max, Disney+, and Hulu, and offer it to consumers this summer, a callback to the traditional pay-TV package. Pricing has yet to be disclosed, but it will be offered at a discount. This marks the first time two media giants are joining forces to offer a streaming bundle as the push to make streaming profitable continues. On the sports front, CEO David Zaslav said that media rights negotiations with the NBA are still ongoing, and he is “hopeful to reach an agreement that makes sense for both sides.” NBCUniversal recently made an offer to once again own the rights, and Warner Bros. Discovery ( NASDAQ:WBD ) began offering NBA games on Max last fall. TV networks revenue was down 8% to $5.13 billion, with advertising revenue down 11%. While the ad market has been soft for some time now, recent quarterly earnings show there has been improvement for digital and streaming while traditional TV lags behind. Warner Bros. Discovery’s studio segment revenue was down 12% to $2.82 billion compared to the same quarter last year, weighed down by the lackluster release of the latest iteration of “Suicide Squad” and the lingering effects of the Hollywood writers and actors strikes last year. Warner Bros. Discovery ( NASDAQ:WBD ) has been working to reduce its debt load, which now stands at $43.2 billion, stemming from the merger of Warner Bros. and Discovery in 2022.by DEXWireNews3
WARNER BROS - Undervaluated and oversold?NASDAQ:WBD looking oversold, very close to it's all-time-low, bullish divergences respecting a trend line. Good time to buy, hold very long or sell at 21.Longby fortune_001
$WBD it is a tough oneNASDAQ:WBD is trading around the Fibonacci support inside a channel. Breaking below the current critical support, there is a possibility of further downside. Support levels to watch if the stock goes south: $7.40 $6.72 $5.63 While MACD and RSI are showing bullish divergences, it remains to be seen since oscillators are not showing a similar divergence. As a result, there is no clear indicator of where the stock could go at this point. ER might have to be the tie breaker. If it manages to break out of that channel, it can run to the $12 area. But it is a big if currently.by PaperBozz1
$WBD LongI bought it based on testing an old broken downtrend which may or may not have significance. This is probably a dumb idea, but I'm feeling lucky. Tiny position for me. Michael Burry owns it too. None of these reasons are compelling for a long. Since I bought it tiny, it'll probably go straight up tho, so there's that.Longby NickTudormoreUpdated 3
Warner Bros Discovery Faces Setbacks Amid Streaming SuccessWarner Bros Discovery ( NASDAQ:WBD ) emerges as a significant player, amalgamating the powerhouse entities of WarnerMedia and Discovery. However, recent quarterly results have painted a complex picture of triumphs and challenges for the conglomerate, sending ripples through the industry. Bigger-than-Expected Loss Amid Studio Struggles The latest quarterly report from Warner Bros Discovery ( NASDAQ:WBD ) has revealed a bigger-than-expected loss. This loss, attributed to a weak advertising market and the repercussions of Hollywood strikes on content production, has investors on edge. The conglomerate's studio business revenue plummeted by 17%, highlighting the struggle to replicate the success of blockbuster hits amidst production disruptions. Pinning Hopes on Future Releases Despite the setbacks, Warner Bros Discovery ( NASDAQ:WBD ) remains resilient, pinning its hopes on upcoming releases such as the highly anticipated second installment of the sci-fi epic "Dune." Delays stemming from the Hollywood strikes have underscored the challenges faced by the conglomerate, yet optimism persists for a resurgence with strategic releases in the pipeline. Streaming Surges Amidst Industry Shifts While the studio business grapples with challenges, Warner Bros Discovery's ( NASDAQ:WBD ) streaming division stands as a beacon of success. With an impressive 97.7 million global customers and a notable shift from losses to profits over the years, the streaming arm exemplifies resilience and adaptability in the face of evolving consumer preferences. Exploring Strategic Partnerships In a bid to capture younger audiences and diversify its offerings, Warner Bros Discovery ( NASDAQ:WBD ) has embarked on strategic partnerships. The joint venture with Walt Disney and Fox to launch a sports streaming service reflects a proactive approach to staying ahead in a competitive market. Additionally, discussions with Paramount's parent company, National Amusements, signal potential consolidation efforts amidst industry buzz. Looking Ahead As Warner Bros Discovery ( NASDAQ:WBD ) navigates the landscape of media and entertainment, its resilience and strategic vision remain at the forefront. Despite quarterly setbacks, the conglomerate's streaming division continues to thrive, showcasing adaptability and potential for future growth. With upcoming releases and strategic partnerships on the horizon, Warner Bros Discovery ( NASDAQ:WBD ) is poised to weather challenges and emerge stronger in the dynamic realm of entertainment. Warner Bros Discovery's ( NASDAQ:WBD ) recent quarterly results underscore the dichotomy of challenges and successes in the ever-evolving media landscape. While setbacks in the studio business cast a shadow, the streaming division's resilience and strategic initiatives offer a glimmer of hope for investors and industry observers alike. As the conglomerate navigates uncertainties and explores new opportunities, its ability to innovate and adapt will be crucial in shaping its future trajectory amidst a rapidly transforming entertainment landscape.by DEXWireNews2
Some incentives to invest in Entertainment, particularly WBDSome bullet points breakdowns: Fundamental metrics looks good. It's not a bloated stock... Not overpriced, poised for nothing more than upside in my view. Debt to Equity is not high either. SAG-AFTRA/WGA strikes have resolved and the lack of earnings I think it's safe to say are connected to the strikes. A potential merger between Warner Brothers Discovery and Paramount is in the works. The questions is what is the timeline, and even more so, what type of Anti-Trust hurdles might be encountered from the FTC/SEC, if any. It could be either that WB buys paramount, or the other way around, however some are sceptical that any deal could be done. If paramount ended up buying WBD, there could be a stock buyout. www.hollywoodreporter.com Paramount's Debt to Equity is under a 1.5 as well, so I think the concern about debt all around is a bit conflated. I ultimately think that investors just don't want a merger because they feel WBD can do well on it's own post-strike. Perhaps they feel it's just unnecessary and pre-mature, and it's not fair to judge it under the circumstances beyond their control. Now that the strikes are over, their production is returning. One of the company's holdings is New Line Cinema which has some buzz-worthy feature titles set to release in 2024-2025. A few examples are: Blade Final Destination 6 Mortal Kombat 2 Rush Hour 4 A remake of The Wizard of Oz They also have HBO MAX which has gained some momentum with True Detective: Night Country and the upcoming Series Finale of Curb Your Enthusiasm with Larry David in February. Subscribers are fairly stable, without any serious increase or decrease. It's main competitor in terms of market share are Disney + and staying in the lead of Hulu and Apple TV +. It is promoting the 25th anniversay of The Sopranos, and has recently announced it's services will be made available to Latin America ( www.msn.com ) All in all, I think the price is low enough to be seen as valuable and there is mostly potential to the upside for various reasons. Could their creative production be better in my opinion, and the culture of Hollywood improve? Absolutely. But are people "buying it"? I think so. More often than not. Longby Firex8Updated 221
Warner Bros. Discovery Warner Bros. Discovery is a relatively new giant, formed in 2022, so its history is still being written. But even in its short lifespan, these are the reasons why we are adding it to our portfolio: Merger of Titans: Its creation arose from the mega-merger between WarnerMedia, a powerhouse with Warner Bros., HBO, and CNN, and Discovery, Inc., known for its reality TV empires like Animal Planet and HGTV. This union brings together Hollywood storytelling with factual programming, creating a truly diverse multimedia giant. Content Colossus: With this merger, Warner Bros. Discovery holds the reigns on iconic franchises like Batman, DC Comics, Harry Potter, Lord of the Rings, Game of Thrones, and Animal Planet's most thrilling documentaries. It's a treasure trove of beloved characters and captivating narratives across genres. Streaming Savvy: The company actively pushes the boundaries of streaming. HBO Max, Discovery+, and the upcoming "Max" platform give viewers access to their vast library of content and new originals. They're aiming to be a major player in the ever-evolving streaming wars. Global Reach: Warner Bros. Discovery has a footprint in over 220 countries and territories, reaching billions of viewers worldwide. Their international studios, channels, and streaming services cater to diverse audiences, making them a truly global entertainment force. Tech-Driven Future: The company recognizes the power of technology. They're heavily investing in artificial intelligence, data analytics, and virtual reality to enhance their storytelling and audience engagement. Expect futuristic experiences beyond traditional media. Beyond Entertainment: Warner Bros. Discovery isn't just about entertainment. They have a strong commitment to social responsibility through initiatives focusing on environmental sustainability, diversity and inclusion, and educational programs. The stock is trading at 2009 prices. The increase in buy-side interest in November into December might be a sign of exhaustion in sellers. The merger with Paramount has brought some risks with it but it has been priced in based on today's price action. Our buy order was filled at $11.00. Longby Candles2541
Breaking the trend line and retesting from below.The downward trend line has been broken on D1. We are currently after a pullback to this trend line. The moving average cloud has just changed direction to the north, confirming the analysis. There is an opportunity for entering a LONG position with a potential R:R of 2:1.Longby czasnaefekty1